‘Just-In-Time’ is an inventory management technique which, as the name suggests, is based on carrying a minimum amount of inventory or stock.
Rather than carrying lots of stock, you schedule the stock to arrive Just In Time to meet the market demand.
It makes perfect sense from a cash flow perspective.
But during the COVID-19 crisis, with global supply chains shit down, those relying on Just In Time were suddenly exposed.
Or were they?
Maybe Just In Time actually saved them at this time, as they weren’t carry lots of stock which they couldn’t sell.
So, what does the future hold for an inventory strategy like this?
Have a listen…
#justintime #inventorymanagement #cashflowmanagement